15 Year Fixed Mortgage Rate
Are you seeking a better mortgage plan? Are you looking to pay a minimal amount of interest, over a longer period of time? Do you value security and consistency, in terms of a steady mortgage rate and payment terms? Are you willing to pay your mortgage faster?
If you’ve answered “yes” to any of the above questions, then a shorter fixed mortgage rate could be the right fit for you! A shorter term fixed mortgage rate is the top choice for the financial savvy. Our 15 year fixed mortgage calculator gets your lowest mortgage rates, and the short time period means you pay less interest overall. For those capable of paying their mortgage off faster, a 15 year fixed mortgage rate is the smarter choice. While the fixed rate 30-year mortgage is one of the most popular mortgages, with a current 15 year fixed mortgage rate, you get the benefit of less interest and faster repayment!
What is a 15 year fixed mortgage rate?
With this type of mortgage program, your monthly mortgage payment remains the same over the course of 15 years. For example, if your mortgage is $300,000 and the interest rate is on that mortgage is 5.75%, it will remain the same for the rest of the life of the loan. This loan program is best for those people who can easily allow and afford a fixed deduction from their monthly budget. The short term payments are high, but you save money in the long run by paying less in interest. If you can afford it, this shorter term fixed mortgage rate is your best repayment option.
Advantages of a fixed mortgage rate
It has monthly payments and the payments of this mortgage are fixed. As compared to the 30 year fixed mortgage, the rates of the 15 year fixed mortgage rate today are lower. Shorter-term fixed mortgage rates are beneficial in that they’re simpler, have lower interest, and get you on a faster track to paying back your mortgage. Enjoy the peace of mind you’ll have from having paid of your house, in lesser time, without the worry of fluctuating payments, and at a lower cost!
Use EZ Online Mortgage for a 15 year fixed mortgage rate today
With EZ Online Mortgage, we make applying for a fixed mortgage rate simple. Simply go onto our website, fill out the form proving some general information, and get a free instant quote. Then, book a free mortgage consultation with one of our expert EZ Online Mortgage brokers.